Wednesday, March 30, 2011

Fukushima: Japanese government is considering nationalizing Tepco

The Japanese government is considering the nationalization of the energy company Tokyo Electric Power (TEPCO). Koichiro Gemba Minister said on Tuesday after a cabinet meeting in Tokyo, the nationalization was an available option in the considerations should be how to deal with the consequences of the crisis surrounding the severely damaged nuclear reactors in Fukushima.


Because of the nuclear disaster at the nuclear power plant, from the technicians after more than two weeks could not be brought under control, threatening the company debt of several billion euros. With nationalization, the government could ensure the supply of Tepco with capital, it said.

According to analysts, must Tepco month more than $ 1 billion for alternative energy sources generate individually to compensate for the cancellation of its reactors. Moreover, since still radioactivity escapes, could the cost of the crisis, the available resources - including the $ 25 billion from an agreed only a few days of emergency funding from Japan's major banks - swallow up quickly.

Besides the cost of securing the nuclear reactors in Fukushima and investment for the construction of new power plants come on Tepco also damages claims of local residents and farmers that sell their goods because of the radioactivity can not sell. Japanese media report about the suicide of a farmer in the affected region, whose livelihood was destroyed by the radioactive contamination.

TEPCO is the largest energy companies in Japan and the fourth largest in the world.

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